REASONS FOR PURCHASING A LIFE INSURANCE POLICY? Purchasing life insurance is one of the important financial decisions. However, for what reason is it so important? All things considered, paying little mind to the amount you procure, no one knows what the future holds. Bunches of individuals pass on a rashly consistently from sickness or […]
ADVANTAGES OF INSURANCE TO INDIVIDUALS Insurance transfers the risk of financial loss from an individual to a company. The insurance company is based on cash reserves from the premiums paid by its customers. The risk of loss is shared among these individuals, who agree to pay a specific amount in premiums in return for […]
ARE INSURANCE PREMIUMS TAXABLE? An insurance premium is the amount of money charged by a company for active coverage. (Click to Read our previous post for more details) The sum a person pays in premiums, also referred to as the rate, is determined by several factors, including age, health, and the area a person lives […]
ARE INSURANCE DIVIDENDS TAXABLE? Insurance dividends are a “return of premium,” which will be partially given to the policyholder for the premium paid on the insurance policy. An insurance dividend is considered to be an annual fee an insurance company pays to its whole life policy-holders. The insurance dividend can be given in cash also, […]